SUI token recorded a daily price gain of 16.59% alongside a significant expansion in trading activity. The token's trading volume increased 94.28% to $1.73 billion, nearly doubling in line with the price advance and attracting substantially greater market participation than the previous session.
The price recovery coincided with network strength indicators. According to DefiLlama analytics, Sui's active addresses reached 125,038, with 12,551 new addresses added during the 24-hour period. The network processed 41.44 million transactions over the same timeframe, reflecting sustained on-chain activity during the rally.
The Sui DeFi ecosystem preserved considerable liquidity as Total Value Locked (TVL) climbed to $551.65 million, a modest 0.34% increase over 24 hours. The stable liquidity backdrop distinguished this rally from speculative moves driven by withdrawn capital.
Technical Structure
On a weekly timeframe, SUI strengthened its technical position after breaking above an extended descending channel during the recent price recovery. The breakout followed a price reversal from the $0.6578 support region. The Parabolic SAR flipped below the prevailing price near $0.5597, supporting the bullish setup. The Directional Movement Indicator showed bulls in control, with the +DI at 30.40 above the -DI signal at 14.70, while the ADX strength indicator reached 20.75.
SUI needed to maintain its position above the broken descending channel. In case bulls protect the channel breakout, the $1.3295 resistance could become the next test.
